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Company profile

In dissolution

Olas Ecuador S.A. Olaec

RUC 0992595817001 · Guayaquil, Guayas

Registry data

RUC
0992595817001
Legal name
OLAS ECUADOR S.A. OLAEC
Trade name
SUMBAWA
Company type
Stock corporation (S.A.)
Size segment (SCVS)
Microenterprise · 2011
Incorporation date
October 9, 2008
Start of activities (SRI)
October 9, 2008
Subscribed capital
$50,000
Economic activity
Manufacture of wearing apparel of woven, knitted and crocheted fabrics, non-woven fabrics and others, for men, women, children and babies: coats, suits, ensembles, jackets, trousers, skirts, tracksuits, swimwear, ski clothing, uniforms, shirts, T-shirts, etc.
ISIC code
C1410.02
Last year with filed statements
2018
Address
Cedros 100, Av. Victor Emilio Estrada, Urdesa Central
Location
Guayaquil, Guayas
Region
Costa
Phone
042884989

Financial statements

Current ratio
1.46
Debt ratio
67.8%
Net margin
0.7%
Return on equity (ROE)
3.1%
Revenue vs 2017
+27.3%
Revenue by year
$0
$2.9 M
$1.0 M
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Net result by year
$0
$77.4 k
$7.4 k
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Employees by year
5
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

The income statement · 2018

  • Revenue $1,038,638
  • Cost of sales $686,596
  • Expenses $339,872
  • Net result $7,448

Balance sheet structure · 2018

What it owns

  • Current assets $733,982 99%
  • Non-current assets $8,367 1%

How it is financed

  • Current liabilities $503,090 68%
  • Non-current liabilities $0 0%
  • Equity $239,259 32%

“Current” means within one year: what can be turned into cash, or what has to be paid, in that span.

Financial statements filed with the Superintendencia de Compañías, year by year
Year Revenue Net result Assets Equity Employees
2018 $1,038,638 $7,448 $742,349 $239,259 —
2017 $815,877 $5,546 $707,436 $237,746 —
2016 $544,805 $4,629 $565,178 $252,018 —
2015 $2,871,681 $4,416 $942,526 $258,449 —
2014 $1,313,685 $36,791 $603,942 $254,033 —
2013 $1,495,899 $32,499 $222,872 $213,155 —
2012 $1,016,943 $77,418 $204,455 $177,045 —
2011 $1,358,540 $60,938 $222,838 $90,797 2
2010 $522,432 $825 $80,301 $1,631 2
2009 $97,922 $905 $11,473 $1,105 1
2008 $0 $0 $200 $200 5

In 2018 it recorded revenue of $1,038,638 and a net result of $7,448, a margin of 0.7%.

Its 2018 revenue exceeds that of 82.5% of the 59,460 companies in the country that recorded sales that year. In Guayas, it exceeds 82.9% of the 23,418 on record.

Within its activity (ISIC code C1410.02, 161 companies with sales), its revenue exceeds that of 77.6%; the trade’s typical margin was 0.8%.

Values in US dollars, as filed with the Superintendencia de Compañías, Ecuador’s corporate regulator.

Tax status (SRI)

updated September 3, 2026
RUC status: Suspended · Depuracion
  • Phantom taxpayer: No
  • Nonexistent transactions: No
Tax regime
RIMPE (simplified regime) The set of rules under which it files its taxes
Taxpayer category
Entrepreneur bracket
Required to keep accounting books
Yes
Withholding agent
No When paying third parties, it withholds taxes and remits them to the SRI
Special taxpayer
No Designated by the SRI for its size, with additional filing obligations
Start of activities
October 9, 2008
Cessation of activities
September 28, 2022

Establishments · 4 registered, 0 open

  • HEAD OFFICE Guayas / Guayaquil / Tarqui / Cedros 100 y Victor Emilio Estrada Closed
  • Manabi / Pichincha / San Sebastian / Isla Santa Clara S/N y Av. General Rumiñahui Closed
  • Santa Elena / la Libertad / la Libertad / Novena S/N y Decima - Decima Primera Closed
  • Guayas / Guayaquil / Tarqui / S/N y Carlos Luis Plaza Dañin Closed

Tax status according to the public records of the SRI (Servicio de Rentas Internas, the national tax authority). The risk designations are the SRI’s, not a rating by this site: phantom taxpayer means the SRI considers the company to have no real activity at its declared address, and nonexistent transactions means it invoiced operations the SRI determined never took place.

Activity classification (ISIC)

  1. Manufacturing
  2. Manufacture of wearing apparel
  3. Manufacture of wearing apparel, except fur apparel
  4. Manufacture of wearing apparel, except fur apparel
  5. Manufacture of wearing apparel of woven, knitted and crocheted fabrics, non-woven fabrics and others, for men, women, children and babies: coats, suits, ensembles, jackets, trousers, skirts, tracksuits, swimwear, ski clothing, uniforms, shirts, T-shirts, etc.

Frequently asked questions

What is the RUC of Olas Ecuador S.A. Olaec?

The RUC (taxpayer registration number) of OLAS ECUADOR S.A. OLAEC is 0992595817001, according to Ecuador’s public corporate registry.

Is Olas Ecuador S.A. Olaec active?

No. Its legal status in the registry is Disolución y Liquidación de Pleno Derecho Insc. RM.

What trade name does Olas Ecuador S.A. Olaec use?

It operates under the trade name SUMBAWA, according to the SRI’s RUC registry.

What does Olas Ecuador S.A. Olaec do?

Its registered economic activity (ISIC C1410.02) is: Manufacture of wearing apparel of woven, knitted and crocheted fabrics, non-woven fabrics and others, for men, women, children and babies: coats, suits, ensembles, jackets, trousers, skirts, tracksuits, swimwear, ski clothing, uniforms, shirts, T-shirts, etc.

Where is Olas Ecuador S.A. Olaec located?

Its registered address is in Guayaquil, province of Guayas, Ecuador.

When was Olas Ecuador S.A. Olaec incorporated?

It was incorporated on October 9, 2008, as a stock corporation (s.a.).

Related companies

Corporate information from official public records of Ecuador · where this data comes from